Asia Pacific's Booming Automotive Industry: Driving Engine For Automotive Aftermarket Industry

By Goldstein Market Intelligence || 2018-09-26 12:03:09 PM

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Global Automotive Aftermarket Industry

Market Outlook

According to Goldstein Research, Automotive Aftermarket Industry size is estimated at USD 763 billion in 2017, which is growing at a compounded annual growth rate of 3.2% during the forecast period 2017-2025. The global automotive aftermarket industry accounts for 20% revenue share of global automotive industry. The upwards graph in the sales of new automobiles and the trend of digital-driven products & services, combinedly accelerate the growth of the market. Global automotive aftermarket industry segmentation has been carried out on the basis of aftermarket products and services type, end user, distribution channel and geography. On the basis of aftermarket products and services type, the wear & tear parts segment accounted for highest market of +52%.

Major Products in Automotive Aftermarket

The global automotive drive-shaft market and automotive turbochargers market each account for significant market share, impelling the growth of automotive aftermarket industry all over the world. The innovations carried out in design, weight & material of the driveshaft is propelling the drive-shaft market.

Browse Full Report: Automotive Aftermarket Industry

Geographical Outlook

North America dominated the global aftermarket industry with about 35% market share of global automotive aftermarket industry. Whereas APAC automotive aftermarket industry is growing at fastest rate, majorly driven by the growth of China automotive aftermarket industry, growing at a CAGR of +6.4% during forecast period.

Industry Segmentation

On the basis of our in-depth analysis, Global Automotive Aftermarket Industry can be segmented as follows:

By Aftermarket Products and Services Type

  1. Wear-and-Tear Parts
  2. Crash-Relevant Parts
  3. Accessories and Appearance Products
  4. Diagnostics Products
  5. Services (Fleet Management etc.)

By End Users Type

  1. Service Providers (Telematics, Fleet Management etc.)
  2. Independent Workshops
  3. Automotive OEM Workshop

By Distribution Channels

  1. Offline Distribution Channel
  2. Online Distribution Channel

By Region

  1. North America (US, Canada) {Industry Share (%), Industry Size (USD Billion, Adoption Rate (%)}
  2. Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}
  3. Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}
  4. Latin America (Brazil, Mexico and Rest of Latin America) {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}
  5. Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}
  6. Rest of the World {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}

 Key Players

The global Automotive Aftermarket Industry Report encompasses the competitive outlook of following major players: 3M, Continental AG, Delphi Automotive PLC, Denso Corporation, Federal-Mogul Corporation, Magneti Marelli S.p.A., Goodyear Tire & Rubber Company, ZF Friedrichshafen AG, Cooper Tire & Rubber Company, Robert Bosch GmbH, etc.

Global Automotive Aftermarket Industry Outlook, 2016-2024 Covers:

  1. Forecast market size (USD), market share (%) and market growth CAGR, 2016-2024
  2. Present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe.
  3. In-depth competitive analysis of the major players and leaders in automotive aftermarket industry.
  4. Future prospects of the overall industry based on manufacturers and suppliers of automotive aftermarket across the globe.
  5. The report also includes porter’s five force model, SWOT analysis, companies profiling, statistics, business strategies of market players and their business models.
  6. Global automotive aftermarket industry report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players.
  7. Market growth dynamics, challenges, risk analysis, trends & opportunities for the new & existing players in the market.
  8. The market segmentation in the report is backed by the estimated & forecast market size (USD) & market share (%) along with the BPS analysis & market attractiveness.

Key questions answered in Global Automotive Aftermarket Industry Report

  1. What is the global automotive aftermarket industry Size by 2025 and what would be the expected growth rate of the industry?
  2. What is the total revenue per segment and region in global automotive aftermarket industry in 2016-2017 and what would be the expected revenue per segment and region over the forecast period?
  3. What are the global automotive aftermarket industry trends and recent developments?
  4. What are the factors which are driving automotive aftermarket industry?
  5. What are the major barriers to global automotive aftermarket industry growth?

Browse Region Specific Market Research Report On Automotive Aftermarket Industry Published By Goldstein Research

Asia Pacific Automotive Aftermarket Industry

China Automotive Aftermarket Industry

European Automotive Aftermarket Industry

India Automotive Aftermarket Industry